InvestorQ : Is it true that NSE has expelled Stampede Capital, which also considered as the favorite stock of Big B of Bollywood Mr. Amitabh Bachchan?
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Is it true that NSE has expelled Stampede Capital, which also considered as the favorite stock of Big B of Bollywood Mr. Amitabh Bachchan?

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tanvi Patel answered.
5 months ago
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The stampede capital has been recently expelled by NSE on grounds of misutilization of the client’s funds. It is a Telangana-based broker and has been growing tremendously in the early years. It got the attention of many big parties, including Bollywood famous personalities, and one among them is Big B of Bollywood Mr. Amitabh Bachchan. NSE also disqualified 140 authorized persons associated with Stampede Capital from holding the office of Director or partner in the company or a firm.

The company’s major shareholders from the promoter and promoter group include Jonna Venkata Tirupati Rao, Gayi Adi management, and Trends Pvt. Ltd., with a stake of 0.17% and 42.62%, respectively. So, about 8,492 public shareholders hold the rest of the 57.21% stake.

Now coming to the story of Big B, he is said to have purchased 1.1 lakh shares of the company for an estimated amount of Rs 1.21 crores in May 2014. These shares were bought at Rs 109.92, and consequently, the share prices shot up by 30% within a month. This means it has a huge impact back then of interest by the big shots. Mr. Bachchan holds about 1.26% shares in Stampede’s total Capital. The stock touched an all-time high of Rs. 800 on 06.08.2015, and since then, it is falling continuously.

Now, even after this Big B’s shares are still in green as he has purchased them at a much lower price. However, when he decides to sell those shares, it will have another huge impact on the share prices. So, we will have to watch, which way the shares turn out for Big B under these circumstances.
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